|Bid||74.75 x 1400|
|Ask||80.00 x 1100|
|Day's Range||76.00 - 76.58|
|52 Week Range||68.56 - 87.10|
|PE Ratio (TTM)||12.82|
|Forward Dividend & Yield||2.93 (3.72%)|
|1y Target Est||N/A|
Royal Bank of Canada's (RY) second-quarter fiscal 2018 (ended Apr 30, 2018) results impress on lower provisions and rise in net interest income.
Of the 26 analysts covering Sherwin-Williams, 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.” Over the past three months, analysts have been conservative and scaled down its target price from $460 to $445.60, which implies 15.9% growth from its May 23 closing price of $384.50.
TORONTO—Canada’s two largest banks are weathering a recent cooling of the country’s housing market. Both Royal Bank of Canada and Toronto Dominion Bank reported second-quarter earnings on Thursday, showing growth in mortgages and low reserves for potential loan losses, even as recent housing data show a drop in starts and prices nationwide. “Notwithstanding monetary tightening and regulatory changes that affected some homeowners, we continue to see solid mortgage volume growth this quarter,” said RBC’s CEO, during a morning call with analysts.
In my recent series on artificial intelligence for smarter investing, one of the key themes is the importance of collaboration between computer programmers and financial subject matter experts. Most efforts to use AI in finance fail because programmers don’t understand the financial data while the financial experts don’t understand technology. Not only has this bank made concrete efforts to foster collaboration between programmers and financial experts, its CEO has experience in both fields. These efforts are already improving profitability and efficiency, which when combined with a cheap valuation make Royal Bank of Canada (RY) this week’s Long Idea.
Royal Bank of Canada and Toronto-Dominion Bank, Canada's two biggest lenders, reported second-quarter earnings that beat market expectations on Thursday, shrugging off concerns over slowing mortgage growth. RBC said net income increased by 9 percent compared with the previous year to C$3.1 billion ($2.4 billion), including 7 percent growth at its Canadian retail business, due to improved sales and margins.
Royal Bank of Canada, Canada's biggest lender by market value, on Thursday posted an 11 percent rise in its second-quarter earnings, helped by strong growth at its wealth management and retail businesses. ...
Moody's Investors Service has assigned A1/VMIG 1 to the Tender Option Bond Trust (RBC Liquidity), Puttable Floating Rate Receipts, Series 2018-XG0176 (the Receipts). Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Analysts have a consensus target price for 3M of $213.8, implying a potential return of 5.9% over the closing price of $202.41 as of May 15. After its 1Q18 earnings, the target price for 3M has fallen 10%, indicating that analysts have a conservative view on the stock.
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Royal Bank of Canada’s (TSX:RY) track record onRead More...
By Alasdair Reilly and David Brooke (LPC) - Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG (ZPG.L), owner of online property ...
By Alasdair Reilly and David Brooke - Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG , owner of online property platforms Zoopla ...
Rating Action: Moody's Assigns Aa1/VMIG 1 to NDHFA Housing Fin. New York, May 08, 2018 -- Moody's Investors Service has assigned Aa1 and VMIG 1 ratings in connection with the proposed $9.355 million North Dakota Housing Finance Agency (the "Agency") Housing Finance Program Bonds Home Mortgage Finance Program 2018 Series C (Taxable). Moody's also maintains the Aa1 and VMIG 1 ratings on all of the Agency's outstanding Housing Finance Program Bonds.
Royal Bank of Canada, Canada's biggest lender, on Thursday said it had lifted the posted rates on some of its fixed-rate mortgages, following the lead of its biggest rival Toronto-Dominion Bank on Wednesday. The move will make it even harder for borrowers to obtain home loans, coming after Canada's banking watchdog introduced new rules at the start of the year compelling banks to test if borrowers can afford to repay loans at a level 200 basis points the contracted rate. RBC said that rates on its one year to four year fixed rate mortgages would rise by 15 basis and rates on its five year to ten year fixed rate mortgages would rise by 20 basis points from April 30.
Moody's Investors Service has affirmed the VMIG 1 ratings assigned to the State of New York Mortgage Agency's ("SONYMA" or "Agency") Homeowner Mortgage Revenue Bonds (HMRB), Series ...
Moody's Investors Service has assigned a Aa1/VMIG 1 rating to approximately $20 million of Wyoming Community Development Authority (WCDA) Housing Revenue Bonds, 2018 Series 2 (Variable Rate) (Non-AMT) (2018 Bonds). The Aa1 rating reflects the strong financial position of the program, a sound loan portfolio composition, and the structure of the bonds previously issued under the 1994 Indenture. The VMIG 1 rating is based on the standby bond purchase agreement ("SBPA") provided by the Royal Bank of Canada ("RBC" or the "Bank").
Moody's Investors Service has assigned a rating of Aaa to the proposed $165,025,000 Connecticut Housing Finance Authority's Housing Mortgage Finance Program Bonds, 2018 Series B, Subseries B-1 and B-2 (AMT), and a rating of Aaa/VMIG 1 and a bank bond rating of Aa2 to Subseries B-3 (Variable Rate) (the "Bonds"). Moody's maintains existing Aaa ratings on all outstanding Housing Mortgage Finance Program Bonds. The outlook on the ratings is stable.
Moody's Investors Service has assigned an A1 rating to Main Street Natural Gas, Inc. (the Issuer), Gas Supply Revenue Bonds, Series 2018 Subseries 2018C, 2018D and 2018E. (the Bonds). The rating on the ...
Since the 4Q17 earnings report, the number of analysts tracking 3M (MMM) has increased to 15 from 14. Analysts’ consensus indicates a target price of $237.92, which implies a return potential of 8.1% over the closing price as of April 17, 2018. Analysts’ consensus target price for 3M has decreased from $246.7 to the current price in three months, which indicates that analysts are a little conservative on the stock.
Attention dividend hunters! Royal Bank of Canada (TSX:RY) will be distributing its dividend of CA$0.94 per share on the 24 May 2018, and will start trading ex-dividend in 5 daysRead More...
RBC Investor & Treasury Services, a unit of Royal Bank of Canada, named Kumi Somaskandan managing director and head of client operations, Canada. Somaskandan joins from Citco, where she was most recently ...